(KRON) -- Congressman Sam Liccardo is calling on federal officials to launch a review of the ownership and financing behind a proposed real estate development at 80 Willow Road in Menlo Park. Rep. Liccardo urged the U.S. Treasury Secretary, Office of Foreign Assets Control, and Committee on Foreig n Investment in the United States, to examine the property in the heart of Silicon Valley and consider sanctions against its owner. The congressman's office identified the owner as Vitaly Yusufov, who is a Russian citizen. The congressman said the federal review should look at Yusufov's ties to the Russian government and sources of funding behind the real estate development. In his letter, Liccardo noted that Yusufov’s father previously served as Russia’s Energy Minister. U.S. Rep. Sam Liccardo (Tony Avelar/ File /AP Images) In addition to financing, Liccardo raised national security concerns because of the property’s proximity to companies and research centers working in defense technology, artificial intelligence, and quantum computing. "Given the very high concentration of defense tech, artificial intelligence, and quantum computing companies and research centers in the region, we believe federal agencies should review the property, its ownership, and its financial backing to ensure Kremlin officials and their proxies cannot obtain sensitive information about critical U.S. companies and their employees," the letter dated Sept. 23 reads. Liccardo requested a formal federal review of Yusufov, Willow Project LLC, and the 80 Willow Road property, including transactions and entities associated with its acquisition, financing, ownership, and development. French bulldog saved couple during NorCal bear attack, survivor says Menlo Park Mayor Betsy Nash said the property was previously used by Sunset Magazine for its headquarters. Nash wrote in a statement, "The City applauds Representative Liccardo for raising concerns about financing, acquisition, and development of the historic Sunset Magazine campus at 80 Willow Road in Menlo Park, as well as national security. Menlo Park shares these concerns. We hope federal officials will investigate for potential illegality, corruption, and national security issues. In addition, we believe that the massive commercial development proposed for the site would further compound infrastructure challenges in Menlo Park, while not delivering the housing that we need." According to city officials, the proposed real estate development project at 80 Willow Road includes demolishing all existing structures on the 6-acre site to construct a new mixed-use development. Newly constructed buildings would have 665 residential units, 332,000 square feet of office spaces, 17,000 square feet of retail spaces, and a hotel.  ...read more read less